The Proven Plan to Become a Millionaire
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- Опубликовано: 6 сен 2024
- Does anyone have a proven plan to become a millionaire? We do now! Retirement expert, Chris Hogan, did the largest study of millionaires EVER (over 10,000 millionaires in the U.S.) and is going to show us what he found and how to become a millionaire without any family inheritance money and without the six-figure income.
Get Chris Hogan's new book all about the plan ordinary people used to build extraordinary wealth: goo.gl/dn9hE6
Stay-at-home moms need more than just a retirement fund. They need life insurance too! Make sure that your family will be taken care of with Zander Insurance: bit.ly/2Pd6Nss
Find an investment professional you can trust to get you on your way to becoming a millionaire: goo.gl/TdrZPm
Check out how I am taking the stress out of meal time by using Home Chef! Save $30 with my code Rachel: bit.ly/2KXD7c4
Get more info on the tips and products I mentioned in this episode: goo.gl/KkaVun
Get even more great tips and stay motivated on your journey by joining my Facebook group: / rachelcruze
Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programing. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programing you are viewing: Zander Insurance, Home Chef
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From homelessness to debt free and now buying my second car.....CASH!
I feel so grateful for these folks.
❤💯😊🙂
Good on you, it’s an awesome effort to get that far, and even tougher from being homeless, well done ☺️
@@sigourneywilliamson2050 Thank you. I appreciate that😁
amazing!!!
@@larissa.pilates1750 Thank you😁
@@earnwithhearn180 I'm so confused by your comment
Not gonna lie....when I first clicked I was like this is too commercial and cheesey....BUT when she said, "debt makes you look a lot better than you are," WOW....that was powerful. So glad I clicked on your video. Great information. Thank you, taught me a very valuable lesson.
Yea, powerful stuff for sure!
That ain't no lie.
Powerful but common sense.
When Chris Hogan gave the speech about elderly citizens retiring broke living on dog food and can't afford to take their kids to Disney I cried. That was one of the most powerful and impacting speeches of my life. Thank you Chris Hogan from the bottom of my heart. ❤
My husband and I are paying on our third house in 15 years. We own both other properties still and rent them out as investment property now. It was a lot of work but is so worth it.
Congrats!
I’m loving this. All these people on RUclips pushing crazy investments, side hustles, while regular teachers and engineers are millionaires. Gives me hope as a stay home mom with a husband who earns good money! Millionaire status in 3-4 years is our goal!
Chris's VOICE!!!! Deep smooth silk. So relaxing
I miss Chris Hogan!😩He was so fun!
21 and im saving now!
Tommy 1•1•Six Orozco I’m 30 and finally able to actually save a couple thousand a month. I was dumb when I was your age. Just stick to it brother.
@@antoniomartin5204 dont save. invest.
Don't save, invest it in good companies.
Rachel, your dress in this video is perfection!
Moral of the story is!!! DONT KEEP UP WITH THE JONES’S
If you're too young to have seen this when it was new, you'll like it now: ruclips.net/video/0tHwQK4VQMc/видео.html.
The Jones's are broke! They look good...but they're broke! Dont be a Jones :)
Ive read Everyday Millionaires and Total Money Makeover twice each. Now my personal finances are finally in order and I am making BIG progress toward building wealth. Read these books!! You'll be glad you did!!
I love Chris Hogan’s voice! Great up the great job guys, have learned so much 👍🏽
i find it annoying
I wish I could get him to do the voice for the videos on my channel!
I want to become a millionaire. I've been working on my investments and passive income and I just started my channel on personal finance!!
"If you tell a MYTH loud enough long enough, people start to believe it."
Stay at home Mom here, and took me a while to take my finances into my own hands. But I finally did, opened my OWN Roth IRA and ANY extra money I can find, from saving in the groceries, my side hustle, uber, door dash..all of it goes in my investing portfolio in my Roth, between 150-300 per month. The reason why I am so aggressive about investing is because the longer you wait the less compounding interest we have. Also I may not always have a husband that is employed. But while he is employed and I'm home with the kids! that is when I need to be saving!!
Make sure you have enough work years (10) or else you don't get Medicare or social security. A lot of stay at home mums dont know this!!
@@southernlovely8429 I do work from home and we file Jointly, So we are both on the Tax return. I'm pretty sure we are both feeding into SS. But I'll look closer into that, thank
Maria Guild what does ROTH mean? Really want to know please
@@MarandaX. Its an 'Individual Retirement Account", I believe the ROTH part is just the last name of the Senator who came up with this. It is 'after' tax money that you can set aside and invest. Since it is already taxed you can withdraw it any time. and the profits grow tax free. i opened my account with 'Vanguard' you need $1000 dollars to start one. and I put it in an investment portfolio I don't remember the exact letters but it is like VMFXX or something like that..lol.. its the 'total stock market investment fund.'...If you call vanguard and ask them to help you set one up they will, They are very helpful.. I have a minimum of $150 automatically deposited into it every month. I am working on getting my kids ones going now. they say if you put just 100 dollars per month in one from the age of 25-65 you will be a millionaire. :)
Love this!
I am SO glad you talked about asking questions over and over again until you understand. It can be so intimidating when it comes to talking to student loan reps and other financial authorities when you are still learning financial vernacular and terminology! Listening to Rachel, Chris and Dave has edified me in such an expansive way that has given me the courage and determination to ask until I understand completely. Asking questions helped me understand my debts clearly with not doubts in the back of my mind so that I could pay them off with confidence! Thank you!!!
Pleeeeease let the guest speak more without interruption.
I’m rocking out the debt snowball...still, but medical emergencies happen. I’m alive, and not afraid to keep starting over and over and over. This is life. Thanks for your motivation and healthy financial and mental tips!
Rachel you are such a bubbly, awesome person. Great content. Hogan is such a fun inspiring Man. Love your shows and I watch each of you like an on going series. I am so tuned in and inspired. I am 3 credit card pmts. away and less than 2000 parent loan away from debt. House is paid in full, cars are paid in full. My children are grown and has gone through school. So, just a few more steps to freedom. Oh, yes I have EF, 6 month EF and working on building retirements.
Feel bad for Chris departure from Ramsey solutions.
Love you guys. You're changing my life
The Hogan Cruze Show, Love it!
I love all of the debunking of these money myths! Breaks my heart that people believe they won't be wealthy. It all starts with believing in yourself! I picked up a side job to pay down my student loan debts & I've made a commitment to myself that if I can't pay for something in full, I don't need it. Keep teaching people!!
Chris H. Is like the Morgan Freeman of wealth building
WOW! I can't unsee it know!
If you wanna become wealthy than live like a European. Cook at hkme every day , don't have credit cards , drive a used car that you can pay for in cash
@Luis C. Silva French people still use cash , dont cary crexit card , 90% people in cities like Paris and Marseille ,Nantes dont own cars because public transportation is great like 99% Euripean countries . French people doesnt like to go out to eat because they all can cook . Also most European doesnt have interest in impressing others by buying expensive clothings . I Live in the USA and live like how i us3d to in Europe . I only pay with cash and never go out to eat since its cheaper to cook at home. Also i invest 70% of my income . Yes , its a nice country to live in but to be able to live a good life i have to have a Euripean mentality when it comes to money
Luis C. Silva I don't know which European country you live in, but what you describe doesn't apply to my European country, the Netherlands. Yes people buy more cars on payments than they used to, but still cook at home, feel save, don't go bankrupt when they get sick, college tuition is under 2000 bucks a year and so on.
🤔 according to Dave you should save 15% of your gross income. What are your thoughts on this
@@LisetteZ3 Here in America, when we get sick, we can lose everything ! Most people would rather be sick than get help. College , even for a entry level school is 10,000 a year, but normally are around 15-30k a year. Also, everyone is in debt because they want to present a image of success , even though they are far from it.... Sigh
I do all that+use a bus to go to work and I rent a room instead of a house. Lets hope it works lol
“I sit in the back. I need some time.” 😂😂😂 Love this video.
True - "never judge your insides by someone else's outsides" Have a plan, work your plan, and don't be distracted by other people's appearances. Thanks for the great content! xWBW
Easy availability of credit has been a disaster for many people. I'm in Australia and it used to be very difficult to get excessive debt because banking was very conservative. Now it is easy to get a credit card.
We have almost paid off our second house! We are well on our way! Good episode
@True United Hello! Yes we have and now we bought a acreage!!! Thanks
If i only knew 15 yrs ago what I know today...I'd be in a better place right now 🤦♀️
Me too...but its never too late to start....👍🏾👍🏾
I have a financial advisor I meet with him, but don't really think our conversations are that useful. What questions should you ask and what should you know about your portfolio before meeting?
Loved ♥️👍 this episode!! Chris & Rachel are great together. I laughed & learned at the same time. This was one of my favorite episodes 👍👍😎.
Would like to see Winston visit the show!!
No keep the family and children private space....
Excellent show today!! Chris Hogan's voice is so mesmerizing!! I love listening to his show! He is brilliant!
I’m here for Chris. I missed his voice and personality
Yessssss!!!! Jane all the WAY!! 🙌🏼👍🏼❤️Woot woot!!!! LOVE seeing our NetWorth increase👌🏼❤️
Ooh poor Lauren. We should live below our means and out of debt.
God, is that you?
😂 I love his voice
Rachel, I love listening to your videos and your talks.
I love Rachel's dress.
This was the encouragement I needed! We are about halfway through Baby Step #3, and it is definitely not as fun as paying off debt. I'm also 28, and would love to have our Emergency Fund by the end of the year! 👐 Thank you!!
Firstly, congratulations on finishing up the first two baby steps! Second, I wish you the very best of luck on baby step three!
Kentucky Frey'd Fun, Congrats on being half way through baby step 3! How did you find out about Rachel and what has been your favorite part about the show? I work at Ramsey Solutions and we love getting feedback from you all!
Connor Wangner We took the Dave Ramsey FPU class at a church, and she is in the videos. We're actually now teaching the class at our church and have the final lesson this coming Sunday! I love watching to Rachel's shows! 😊
Just a word of encouragement... My wife and I are 26 and 29 and step 4 is a lot more fun than 3! We finished step 2, 3 and 4 in the last year and definitely did not make 6 figures!
John-Paul Rodgers Thank you! Yes, we're hoping to finish it soon! 😄
I miss Chris
Why arent they actually telling us what the percentages in the study is for the myth busting? The way you frame it can be misleading.
Bc it is misleading. Everybody isn't gonna be rich but everybody can he comfortable. To be a millionaire you have to not only work hard but be "lucky."
Stealth Wealth! Mix in with the crowd. Put away pride and fulfill your life with freedom. One rental at a time.
I agree. Financial traders must live a basic life; when they do the trades work better. Financial literacy is a key skill too. Attending seminars of the role models are important as well.
Great motivational speakers but I didn heard any clear financial advice
The dave Ramsey show is more specific I agree
Georghi1537 Rivadeneira - Live on a Budget, Get out of Debt, invest 15% off your income, Learn about finances/investments (books, podcast, classes, financial advisor), I started with $0 and 44 years later Millionaire; doing what I mentioned above.
Paying down debt is fun. I see the finish line and a new beginning of good fortune 🔮 .
"Get out of here Lauren" 😂😂
Such a great show! Learning so much from you both! God bless!
Anna Ruth Amen 🙏
love how you demonstarte how to find something on your website. Step by step.
Wealth is not just a matter of property. It is a matter of what world view you have and especially your sophistication level.
Elle’s story is amazing. Totally excited to watch more of Chris too, though Rachel will always be my fave!
I’ll never forget your mothers words Rachel. Also thank you for sharing this comparison in layman’s terms😅
We're in our early 50's and are very nearly there!!
Can you get a stock broker if you don’t have a large amount to invest? Like if you’re just starting off with $500
You do not need a broker to do anything. You can open an account with eTrade, Fidelity or Vanguard and invest yourself. I would recommend doing a lot of research first, and yes 500 dollars is enough.
Great stuff. Watch the DR and CH videos often. Glad there are people out there encouraging others to get out of and stay out of debt.
What a spectacular voice he has! So manly and soothing 😊
What even is this lady. Lol. This is amazing, she's so enthusiastic
I love Chris Hogan! Thank you for your channel I love to listen to it. Sometimes I do feel it has too many sponsored commercials though.
So helpful and entertaining, your videos make my weekly budgeting so much more fun! I always reward myself at the end with a vid :D
Chris Hogan has perhaps the best TV voice in EVER!
love your show Rachel!! where'd you get that dress? its so cute!!
Thanks for this great info, could you also recommend people/companies for us Canadians? Loving the show! Thanks!
Voice from Heaven: "Take me on your show..."
"Yes God" 😂
Best. Episode. Ever.
*wow... can't believe people still believe they're mostly inherited*
Ignorance will do that to individuals who refuse to educate themselves
Hmm
Hi Rachel Cruze, first time at your channel, great talking, wow, just working on to make a MIllion, and the very good thing is: I live in Europe, I need ONLY "882.765" Euro to be a Dollar Millionaire :))))))) Subed, can't wait for more videos, you are very sympathetic, so u put a smile on my face, all my best wishes from Germany, Bobby
Great energy Rachel.
The man with the Ray Charles voice
Super cool !!
Thanx for an excellent video 😊😊
Isn't broccoli supposed to be kept in the refrigerator?
The "Lauren" would be "keeping up with the Joneses"
Such a cute dress, Rachel! Where did you get it?
Get outta here Lauren! 🤣 Go Jane!
Wow Dave, what a lovely daughter you have, both inside and out.
Muy buen video Rachel ! Gracias por compartir !
I see how Ramsey Solutions is reaching out to different kinds of people by choosing different speakers.
Rachel is his daughter...
She is still her “own person “ she has had her own financial struggles too...
That’s great if your employer matches your contribution but many many don’t so that’s half or more of your strategy gone plus the market has wild swings and mAny have lost 30 years worth of their portfolio during severe recessions right when they retire , anything linked to the stock market is volatile
Have money just don’t know what to do with it. Opened a vanguard fun and lost 10% right off the bat. Overall with 401k I’m -5% 9n rate of return for year.
Hi Rachel!
Could you give some advice?
I have a situation !
Love you Rachel.
Did I miss the average income of the everyday millionaire. I was expecting to hear that. Now I’m so curious to find out it much be a hook for the book
Two guys are waiting for the light to change, one is driving a brand new Mercedes E Class, the other is driving a 1998 Buick Regal with the paint peeling off, who is the real millionaire?
The one driving the ‘98. That’s why he’s a millionaire.
Good humble man who really cares. I am on snowball and on a roll due to dave ramsey and this team.
Net worth is good but doesn't mean much. Cash flow is King!
Great content I too thought this was going to be a just another RUclips video on "How to get rich like her" cheesy video
Very informative 🙏
Is there anyone like you guys in the uk?
Yes I truly would love to become a millionaire... And also keep a low profile I wouldn't want the popularity.
So nice of Rachel to keep sending those plugs for her father's (Dave Ramsey) show.... She never wanted for anything growing up.
In texas you call it big hat no cattle.
In the Welsh valleys we call it fur coat no knickers
Love how you guys went out and interviewed real people of what they think careers millionaire have
You two are a hoot together, love it!
So when it comes to student loans you do the snowball with them too?
Great video! But I have to know, what concert did teenage Rachel want to go to? 😉. I found some old mix cds and was cracking up at some of the songs on there.
Hi Rachel
If your employer offers both pre-tax and Roth which one is better?
Depends on what you believe.
If you believe taxed will increase then Roth is best.
Or
If you believe taxes will decrease, pay pre-tax is best.
I'm walking around with millions in cash here on my holiday in Indonesia
The one living rich is having all the fun first
You need money when younger. BMW sport with 10's is a nice experience. And 10's do like a nice car. It's just the way of the world......
I’m trying to dress like a millionaire! I wear SHORTS every Day (granted I am in CA but, Northern CA!)
I’m disabled and the Wife has a good job but, not GREAT!
Oh, I’m not sharing my Net Worth (not that it’s that great!)
We really did great with Real Estate and NEVER took anything out as we wanted to pay stuff off!
Yes, we did borrow for the purchases! (I know the Baby Steps NOW!)
Good information!!